Expanding Energy Efficiency for Affordable Housing Act of 2024

This bill allows public housing agencies to use existing Capital Fund assistance for energy efficiency upgrades in affordable housing units. It amends housing law to permit agencies to enter into "energy performance contracts" (agreements where contractors cover upfront costs for efficiency improvements and are paid through energy savings) without requiring separate approval. The change directly affects public housing agencies managing federally assisted affordable housing properties. Residents will benefit from lower energy costs as a result of these upgrades, funded through existing capital resources.